Business Insurance
A report by U.A.E.-based actuarial consulting firm Badri Management Consultancy said that Omani insurers' gross written premiums fell 4% year-over-year to 218 million Omani rial ($565 million) in the first half of 2020.
Posted: Oct 13, 2020
The COVID-19 pandemic is causing organizations to reevaluate how they manage enterprise risks, experts say.
Posted: Oct 13, 2020
The widow of a corrections officer failed to show that a workplace injury 12 years earlier was causally related to his heart failure and subsequent death.
Posted: Oct 12, 2020
Munich Re Specialty Insurance, the primary insurance unit of Munich Reinsurance Co., has named Elizabeth Kramer chief underwriting officer.
Posted: Oct 12, 2020
An Odyssey Group Holdings Inc. unit is not obligated to defend a courier service being sued for failing to reimburse its delivery drivers for employment-related expenses under the terms of its coverage, says a federal appeals court, in affirming a lo...
Posted: Oct 12, 2020
NFP Corp. acquired British broker Ernest R. Shaw Ltd. on Sept. 1, in a deal that expands its footprint in the European market, NFP said in a statement Monday.
Posted: Oct 12, 2020
Aspen Re taps former Axis Re exec for casualty role
Posted: Oct 12, 2020
A meter reader in Cathlamet, Washington, claimed she could not go back to work because of a dog bite and subsequent post-traumatic stress disorder was found to have six dogs at home and a different diagnosis — malingering — according to her doctor.
Posted: Oct 12, 2020
Lawmakers in New Jersey on Thursday introduced legislation that would make a COVID-19 infection compensable for workers in warehouses or distribution centers during a public health emergency declared by an executive order of the governor.
Posted: Oct 12, 2020
An insurer has filed a motion to dismiss a lawsuit filed by McDonald’s Corp. and two of its franchisees over the insurer’s refusal to defend them in COVID-19 litigation filed by the fast-food chain’s employees.
Posted: Oct 12, 2020
A group of English pub and night club owners plans to mount a legal challenge if the British government announces that hospitality and entertainment venues in northern England need to shut down to tackle the spread of COVID-19.
Posted: Oct 12, 2020
CMA CGM, the world’s fourth-largest container shipping group, said it has restored its online business services after a cyberattack last month paralyzed activity. France-based CMA CGM first reported the incident on Sept 28, saying it had shut down ac...
Posted: Oct 12, 2020
The United States Olympic and Paralympic Committee said on Friday it has filed a lawsuit against its insurance providers for failing to fulfill obligations in reaching a settlement with survivors of the Larry Nassar sexual abuse scandal.
Posted: Oct 12, 2020
Drugmaker Mallinckrodt filed for bankruptcy protection on Monday, saddled with lawsuits alleging it helped fuel the U.S. opioid epidemic.
Posted: Oct 12, 2020
Lloyd’s of London is reviewing the way insurance products are designed and sold as it calls for simpler products in response to the coronavirus pandemic, the commercial insurance market said on Monday.
Posted: Oct 12, 2020
Swiss Re and carmaker Daimler announced a joint automotive and mobility insurance venture on Monday, seeking to tap into a wealth of new data generated by highly automated vehicles to help insurers to calculate risk.
Posted: Oct 12, 2020
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Posted: Oct 12, 2020
Canadian hospitality businesses, already reeling from the downturn sparked by the coronavirus pandemic, are facing yet another existential threat as insurance companies spike premiums or exit the space, citing losses and the sector’s risks.
Posted: Oct 09, 2020
The widow of an Iowa cookie factory worker who died after his arms were pulled into a sizing roller failed to show negligence on the part of coworkers to clear the exclusive remedy bar of the state Workers Compensation Act.
Posted: Oct 09, 2020
Shareholders have filed a putative class-action securities lawsuit charging Royal Caribbean Cruises Ltd. and its corporate officers with securities law violations in connection with the COVID-19 pandemic.
Posted: Oct 09, 2020
Fast-growing brokerage AssuredPartners Inc. on Friday announced that President and Chief Operating Officer Thomas E. Riley will be its next CEO, effective Jan. 1, 2021.
Posted: Oct 09, 2020
Seventy-year-old truck driver Jeffrey Janson took on four side jobs while out on a workers compensation injury that garnered him more than $141,500 in benefits — resulting in his second workers comp fraud conviction in 10 years, the Ohio Bureau of Wo...
Posted: Oct 09, 2020
Sedgwick Claims Management Services Inc. on Friday named John Stanzi president of casualty operations for the Americas.
Posted: Oct 09, 2020
Arch Capital Group Ltd. will acquire Watford Holdings Ltd. for approximately $622 million, Arch said in a statement Friday.
Posted: Oct 09, 2020
Few things get readers’ attention like news of rising commercial rates. Every line of coverage — even workers compensation for the first time in over five years — saw rate increases in the third quarter, according to a report from online insurance ex...
Posted: Oct 09, 2020